Finance Act 1925
1925 c.36
An Act to grant certain Duties of Customs and Inland Revenue (including Excise), to alter other Duties, and to amend the law relating to Customs and Inland Revenue (including Excise) and the National Debt, and to make further provision in connection with Finance.
[30th June 1925]
Act wholly in force at Royal Assent.
Words of enactment omitted under authority of Statute Law Revision Act 1948 (c. 62), s. 3
General amendments made by Taxes Management Act 1970 (c. 9, SIF 63:1), s. 41A(7) (as added by Finance Act 1990 (c. 29, SIF 63:1), s. 95(1)(2)), British Telecommunications Act 1981 (c. 38, SIF 96), s. 82(2)(7); Telecommunications Act 1984 (c. 12, SIF 96), s. 72(3); Finance Act 1984 (c. 43, SIF 63:1), ss. 82(6), 85(2), 89(1)(7), 96(1)(7), 98(7), Sch. 9 para. 3(2)(9), Sch. 16 paras. 6, 12 and Finance Act 1985 (c. 54, SIF 63:1), ss. 72(1), 74(5), Sch. 23 para. 15(4), S.I. 1987/530, regs. 11(2), 13(1), 14, Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1), ss. 4, 6, 7, 9, 32, 34, 78, 134, 135, 141, 142, 185, 191, 193, 194, 195, 200, 203, 209, 212, 213, 219, 247, 253, 272, 287, 314, 315, 317, 318, 325, 326, 327, 345, 350, 351, 368, 375, 381, 397, 414, 432, 440, 442, 446, 458, 460, 461, 463, 463(2)(3) (as added by Finance Act 1990 (c. 29, SIF 63:1), s. 50(2) ), 468, 474, 475, 486, 490, 491, 503, 511, 518, 524, 532, 544, 550, 556, 558, 569, 572, 582, 595, 601, 613, 617, 619, 621, 639, 656, 660, 663, 676, 689, 691, 694, 700, 701, 714, 716, 739, 743, 754, 763, 776, 780, 781, 782, 787, 789, 811, 828, 829, 832, 833, 834, 835, 837, 838, 839, 840, 841, 842, Sch. 2 para. 5, Sch. 4 para. 5, Sch. 13 para. 10, Sch. 16 para. 10, Sch. 21 para. 6, Sch. 26 para. 1, Sch. 27 para. 20, Finance Act 1988 (c. 39, SIF 63:1), ss. 66, 127(1)(6), Sch. 12 para. 6, Capital Allowances Act 1990 (c. 1, SIF 63:1), ss. 28(1), 68(8), 74, 82, 83(5), 148(5), 163(4), 164(2), S.I. 1990/627 and Finance Act 1990 (c. 29, SIF 63:1), s. 25(10)
General amendments to Tax Acts, Income Tax Acts, and/or Corporation Tax Acts made by legislation after 1.2.1991 are noted against Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1) but not against each Act

Part I

1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Ss. 1, 2 repealed by Statute Law Revision Act 1950 (c. 6)

3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S. 3 repealed by Finance Act 1938 (c. 46), s. 6(1)

4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S. 4 repealed by Import Duties Act 1958 (c. 6), ss. 3(1), 16(4), Schs. 2, 7.

5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S. 5 repealed by Finance Act 1947 (c. 35), s. 5, Sch. 2 Pt. III; S.I. 1950/664 art. 1(3); Statute Law (Repeals) Act 1969

6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S. 6 repealed by Statute Law Revision Act 1950 and Statute Law Revision Act 1953.

7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S. 7 repealed by Statute Law Revision Act 1950 and Finance Act 1957 (c. 49), ss. 3, 42(5), Sch. 9 Pt. II

8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S. 8 repealed by Finance Act 1952 (c. 33), s. 76(8), Sch. 14 Pt. III

9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S. 9 repealed by Import Duties Act 1958 (c. 6), s. 16(4), Sch. 7

10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S. 10 repealed by Finance Act 1933 (c. 19), s. 47, Sch. 8

11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Ss 11, 12 repealed by Customs and Excise Act 1952 (c. 44), s. 320, Sch. 12 Pt. I
Part II

13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Ss. 13–21 repealed with saving by Income Tax Act 1952 (c. 10), s. 527, Sch. 25
Part III

22 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S. 22 repealed by Finance (No. 2) Act 1940 (c. 48), s. 42(8), Sch. 10, and by Finance Act 1975 (c. 7), ss. 50, 52(2)(3), 59, Sch. 13 Pt. I

23 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S. 23 repealed by Finance Act 1969 (c. 32), s. 61(6), Sch. 21 Pt. V, and by Finance Act 1975 (c. 7), ss. 50, 52(2)(3), 59, Sch. 13 Pt. I

24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S. 24 repealed with savings by Finance Act 1949 (c. 47), s. 52(9)(10), Sch. 11 Pt IV

Part IV General

25 Liability of Dominion Governments to taxation in respect of trading operations.
(1) Where a trade or business of any kind is carried on by or on behalf of the Government of any part of His Majesty’s Dominions which is outside Great Britain and Northern Ireland, that Government shall, in respect of the trade or business and of all operations in connection therewith, all property occupied in Great Britain or Northern Ireland and all goods owned in Great Britain or Northern Ireland for the purposes thereof, and all income arising in connection therewith, be liable, in the same manner as in the like case any other person would be, to all taxation for the time being in force in Great Britain or Northern Ireland.
(2) In this section the expression “His Majesty’s Dominions” includes any territory which is under His Majesty’s protection or in respect of which a mandate is being exercised by the Government of any part of His Majesty’s Dominions.
(3) Nothing in this section shall—
(a) affect the immunity of any such Government as aforesaid from taxation in respect of any income or property to which subsection (1) of this section does not apply; . . .
S. 25(3)(b) and word immediately preceding repealed by Statute Law (Repeals) Act 1974 (c. 22), s. 1, Sch. Pt. II
(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

26 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S. 26 repealed with saving by Income Tax Act 1952 (c. 10), s. 527, Sch. 25

27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S. 27 repealed by Statute Law Revision Act 1953

28 †Construction, short title, application and repeal.
(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S. 28(1) repealed by Import Duties Act 1958 (c. 6), s. 16(4), Sch. 7
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S. 28(2) repealed by Statute Law Revision Act 1953 (2 & 3 Eliz. 2 c. 5)
(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S. 28(3) repealed with saving by Finance Act 1975 (c. 7), ss. 50, 52(2)(3), 59, Sch. 13 Pt. I
(4) This Act may be cited as the Finance Act, 1925.
(5) Such of the provisions of this Act as relate to matters with respect to which the Parliament of Northern Ireland has power to make laws shall not extend to Northern Ireland.
(6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S. 28(6) repealed by Statute Law Revision Act 1950 (14 Geo. 6 c. 6)
Unreliable marginal note.
FIRST SCHEDULE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Schedule 1 repealed by Finance Act 1938 (c. 46), s. 6, Sch. 2
SECOND AND THIRD SCHEDULES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Schedules 2 and 3 repealed by Import Duties Act 1958 (c. 6), s. 16(4), Sch. 7
Fourth SCHEDULE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Schedule 4 repealed with saving by Finance Act 1975 (c. 7), ss. 50, 52(2)(3), 59, Sch. 13 Pt. I
FIFTH SCHEDULE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Schedule 5 repealed by Statute Law Revision Act 1950 (14 Geo. 6 c. 6)